Profits surge at Dublin-based aircraft leasing firm

Operating profits at aircraft leasing firm, SMBC Aviation Capital Ltd last year increased by 13% to $409.6m from €361.58m.

This followed revenues at the firm last year rising $145m, or 23%, from $626.98m to $771.9m in the 12 months to the end of March 31.

The firm last year recorded pre-tax profits of $212.23m following a pre-tax loss of $120m in 2013 — a positive swing of $332m.